What are the major limitations of EOQ model

Assignment Help Operation Management
Reference no: EM132136076

Answer both questions below about the EOQ model.

a) In the EOQ model, unit product cost or selling price, C, is not included in the formula we use to solve for the economic order quantity. Explain why it is not necessary to include this information in the EOQ formula.

b) What are the major limitations of the EOQ model?

Reference no: EM132136076

Questions Cloud

Leadership principally suited for turbulent environment : Is adaptive leadership principally suited for turbulent environment, as opposed to stable environments?
Using the concept of leadership and negotiation : How will you go about in this assignment using the concept of Leadership and Negotiation.
Company products is blood pressure testing kit : One of the company’s products is a blood pressure testing kit. UPD manufactures all of the components for the kit in-house except for the digital display unit.
What is the potential impact of copying and selling book : What is the potential impact of copying and selling a book or journal without the permission of, and the payment of royalties or a fee to, the copyright owner?
What are the major limitations of EOQ model : What are the major limitations of the EOQ model?
What is soft public sphere : What is soft public sphere? How is it different from other types of public spheres?
Build partnerships with retailers and corporations : Describe how Hubway can use relationship selling to build partnerships with retailers and corporations.
Research prime member programs : Research prime member programs. Outline the pro and con arguments for your organization creating a prime member program.
Bad examples of leadership and management : Discuss your opinion and include good and bad examples of leadership and/or management.

Reviews

Write a Review

Operation Management Questions & Answers

  The standpoint of what is good and is currently working well

When faced with your next challenge or problem, take a step back and look at if from the standpoint of what is good and is currently working well.

  Shape strategy choices in international markets

What are the factors that shape strategy choices in international markets?

  Appraisal costs associated with in restaurant environment

Determine and discuss what are the possible prevention costs and appraisal costs associated with in a restaurant environment?

  Explain surgical team as kind of functional group

Explain a surgical team as a kind of functional group. What features does it share with most functional groups? What features distinguish it from most fuctional groups?

  If conflict is managed correctly results can include

If conflict is managed correctly, results can include: According to the text, research shows that strategic leaders need to have which of the following skills?

  What is the value of the investment

An investment offers $5,450 per year for 15 years with the first payment occuring one year from now. if the required return is 8 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? for 75 years..

  Demand variability and capacity utilization

A good reason to hold inventory is to level load capacity by using inventory as a buffer between demand variability and capacity utilization.

  What are some of the remedies capitalistic countries

What are some of the remedies capitalistic countries have introduced to mitigate such inequality?

  What is the probability that a part will have a dimension

The dimension of a machined part has a nominal specification of 11.9 cm. The process that produces the part can be controlled to have a mean value equal to this specification, but has a standard deviation of 0.05 cm. What is the probability that a pa..

  Require some minimal preparation by the consumer

Your company wants to introduce a new hot breakfast cereal that would require some minimal preparation by the consumer.

  External factors during the risk management process

How would you recommend that companies or even project managers deal with external factors during the risk management process? Consider at what point they should be discussed and how often and by whom.

  Cross-business opportunities

Identify the value chain relationships that exist for Johnson & Johnson. Consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how and other capabilities, (b) cost..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd